Pakhoed, Van Ommeren
Agree, Finally, to Merge

AMSTERDAM -- A year after their attempts at a tie-up fell apart over regulatory concerns, Dutch storage-tank and shipping companies Pakhoed NV and Van Ommeren NV said they will merge.

The longtime rivals will again try to create the world's leading chemicals-storage and shipping company after the consolidation in the chemical and oil industries led to the realization the two need to expand scale and reduce costs. The move was widely lauded, and shares in the two companies soared. In Amsterdam on Monday, Pakhoed jumped 17%...